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4.4

based on 1.8k Reviews

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Life Insurance Corporation of India Manager salaries in India

Annual salary range
1 - 19 years exp.
₹1.3 Lakh - ₹11 Lakhs
Salary of majority employees
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62% less than the average Manager Salary in Insurance Companies for 1 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager Salary
14 - 17 years exp. (3 salaries)
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₹2.7 L/yr - ₹10 L/yr

Sales & Business Development
Manager Salary
6 - 19 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹7.5 L/yr

Customer Success, Service & Operations
Manager Salary
13 years exp. (AmbitionBox Estimate)
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₹3.4 L/yr - ₹6.8 L/yr

Last Updated: 7 Jan 2025

Companies similar to Life Insurance Corporation of India for Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Manager Salary

2 - 16 years exp. (413 salaries)

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₹4.4 L/yr - ₹15.7 L/yr

arrow icon 48% more
1 job opening
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ICICI Prudential Life Insurance Manager Salary

1 - 13 years exp. (287 salaries)

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₹3.4 L/yr - ₹12.4 L/yr

arrow icon 27% more
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SBI Life Insurance Company Manager Salary

3 - 20 years exp. (307 salaries)

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₹4.3 L/yr - ₹17.5 L/yr

arrow icon 65% more
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Max Life Insurance Manager Salary

5 - 15 years exp. (272 salaries)

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₹3.8 L/yr - ₹15.4 L/yr

arrow icon 52% more
10 job openings
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Bajaj Allianz Life Insurance Manager Salary

3 - 18 years exp. (192 salaries)

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₹6 L/yr - ₹21.4 L/yr

arrow icon 109% more
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Kotak Mahindara Life Insurance Manager Salary

0 - 12 years exp. (567 salaries)

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₹2.8 L/yr - ₹8.5 L/yr

arrow icon 12% less
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Reliance Nippon Life Insurance Manager Salary

2 - 17 years exp. (136 salaries)

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₹2.8 L/yr - ₹11.1 L/yr

arrow icon 2% more
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Tata AIA Life Insurance Manager Salary

4 - 18 years exp. (239 salaries)

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₹6.4 L/yr - ₹25.7 L/yr

arrow icon 137% more
16 job openings
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PNB MetLife Manager Salary

5 - 17 years exp. (79 salaries)

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₹4 L/yr - ₹15.5 L/yr

arrow icon 61% more
4 job openings
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Aditya Birla Sun Life Insurance Manager Salary

0 - 12 years exp. (185 salaries)

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₹4 L/yr - ₹16 L/yr

arrow icon 50% more
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HDFC Ergo General Insurance Manager Salary

4 - 16 years exp. (429 salaries)

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₹4.5 L/yr - ₹16.4 L/yr

arrow icon 54% more
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₹3.5 L/yr - ₹11.3 L/yr

arrow icon 9% more
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Care Health Insurance Manager Salary

0 - 10 years exp. (256 salaries)

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₹2.5 L/yr - ₹9.6 L/yr

arrow icon 10% less
1 job opening
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Aditya Birla Health Insurance Co Manager Salary

2 - 12 years exp. (194 salaries)

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₹4.5 L/yr - ₹16 L/yr

arrow icon 60% more
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Star Health & Allied Insurance Manager Salary

1 - 14 years exp. (134 salaries)

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₹2.6 L/yr - ₹12 L/yr

arrow icon 9% more
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₹3.1 L/yr - ₹12.5 L/yr

arrow icon 25% more
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Bajaj Allianz General Insurance Manager Salary

6 - 19 years exp. (109 salaries)

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₹10 L/yr - ₹25 L/yr

arrow icon 160% more
1 job opening
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AIG Manager Salary

5 - 15 years exp. (104 salaries)

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₹9 L/yr - ₹22 L/yr

arrow icon 151% more
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Shriram Life Insurance Manager Salary

2 - 15 years exp. (43 salaries)

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₹2.8 L/yr - ₹11.9 L/yr

arrow icon 18% more
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Aditya Birla Insurance Brokers Manager Salary

5 - 17 years exp. (34 salaries)

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₹4.4 L/yr - ₹14.6 L/yr

arrow icon 33% more
View all
Manager salary at Life Insurance Corporation of India ranges between ₹1.3 Lakh to ₹11 Lakhs per year for employees with experience between 1 year to 19 years. Salary estimates are based on 13 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Manager

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13 years exp.
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14 years exp.
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18 years exp.
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Experience wise Life Insurance Corporation of India Manager salaries

Last Updated: 7 Jan 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹1.3 L/yr - ₹5.6 L/yr
2 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹6.2 L/yr
3 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹6.8 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹7.4 L/yr
5 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.1 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr
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₹2.6 L/yr - ₹4.1 L/yr
Proprietor Salary
(AmbitionBox Estimate)
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₹9.2 L/yr - ₹11.7 L/yr
Management Trainee Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.8 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
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₹2.5 L/yr - ₹6 L/yr
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₹1.2 L/yr - ₹3.6 L/yr
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₹12 L/yr - ₹38 L/yr

Salary related reviews for Life Insurance Corporation of India

4.7

Rated by 3 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 19 Jul 2024

5.0
 for  Salary and Benefits

Likes

Good bonus Good incentives Respect given by whole team of LIC Good guidance and counselling and training sessions at LIC office

read more
  • Salary - Excellent
  • +3 more

Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

read more
  • Skill development - Poor
  • +2 more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 21 Sep 2023

3.0
 for  Salary and Benefits

Likes

Job Performing Flexibility.

  • Job security - Excellent
  • +3 more

Dislikes

...e Teams. 2. Other benefits, which are not upto the standards or satisfaction. 3. No Festival bonuses/ annual bonuses. 4. No Family bonus 5. No clarity about Pension

read more
  • Promotions - Poor

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 20 Feb 2023

3.0
 for  Salary and Benefits

Likes

Good company in terms of the pay and benefits, but at a heavy price.

Dislikes

All the rules and restrictions/punishment are imposed only on class 2 officers of the organisation. Targets are imposed only on development officers.

read more
  • Skill development - Poor
  • +5 more

Full Time

 · 

Construction & Site Engineering Department

5.0
  •  posted on 24 Apr 2022

5.0
 for  Salary and Benefits

Likes

...us, we need to complete basic target - can be achieved easily to retain licence. We as agents, upon reaching membership target's, we receive bonus, advances & other benefits.

read more
  • Salary - Excellent
  • +6 more

Dislikes

In this competitive industry, we need to implement new combination policies like pvt companies, which gives multiple benefit options to choose for customer & we need to upgrade in digital marketing/Easy ways to receive customer feedback, requests, their suggestions etc. We need to cut off those lengthy process in different sections.

read more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 31 Oct 2022

4.0
 for  Salary and Benefits

Likes

Daispora of LICI. Salary and Perks. Free to work.

  • Salary - Good
  • +1 more

Dislikes

No job security at ADO/PDO post. Work life balance (what is it ?). Forget about help from colleague. If you are from sound and wealthy background just dive in.

read more
  • Job security - Bad
  • +4 more
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Life Insurance Corporation of India Manager Salary FAQs

What is the salary of Manager at Life Insurance Corporation of India?
Manager salary at Life Insurance Corporation of India in India ranges between ₹1.3 Lakhs to ₹11.0 Lakhs for experience between 1 years to 19 years. According to our estimates it is 62% less than the average Manager Salary in India. Salary estimates are based on 13 latest salaries received from various employees of Life Insurance Corporation of India India.
How does the salary of a Manager at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Manager at Life Insurance Corporation of India is 62% less than the average salary of a Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Life Insurance Corporation of India to a Manager in India?
  • Principal Global Services Manager Salary - ₹19.5 Lakhs to ₹40.0 Lakhs per year
  • AXA Manager Salary - ₹15.0 Lakhs to ₹34.5 Lakhs per year
  • National Insurance Company Manager Salary - ₹7.5 Lakhs to ₹36.6 Lakhs per year
  • United India Insurance Company Manager Salary - ₹10.0 Lakhs to ₹26.0 Lakhs per year
  • Bajaj Allianz General Insurance Manager Salary - ₹10.0 Lakhs to ₹25.0 Lakhs per year
What is the salary of a Manager in companies similar to Life Insurance Corporation of India in India?
  • The Oriental Insurance Co. Manager Salary - ₹5.8 Lakhs to ₹20.0 Lakhs per year
  • AIG Manager Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year
  • Allianz Partners Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
  • Tata AIA Life Insurance Manager Salary - ₹6.4 Lakhs to ₹25.7 Lakhs per year
  • Gallagher Manager Salary - ₹8.9 Lakhs to ₹14.0 Lakhs per year
What is the estimated take home salary of a Manager at Life Insurance Corporation of India in India?
The estimated take-home salary of a Manager at Life Insurance Corporation of India ranges between ₹46,531 per month to ₹47,633 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Manager salary in India which ranges between ₹1.3 Lakhs to ₹11.0 Lakhs per year for employees with experience between 1 years to 19 years. Check how did we calculate take home salary?
What is the notice period for Manager at Life Insurance Corporation of India?
According to AmbitionBox, 48% of the Life Insurance Corporation of India Managers reported a notice period of 15 days or less, 26% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 23 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Manager salary in India ranges between ₹1.3 Lakh to ₹11 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 13 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.